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AccorHotels to go asset-light in India, to open 20 properties by next year

French hotel group AccorHotels, which owns the brands Ibis, Mercure and Sofitel, will open 20 properties in India by the end of 2017 and will increasingly focus on an asset light strategy, a top executive of the group said.

"We are very pleased with our business in India. We have already invested significant funds here. Going forward, we will continue to invest but the majority of what we do would be asset light," Michael Issenberg, chairman of AccorHotels Asia Pacific, told ET, adding that 10 hotels will come up by the end of 2016.